Peter Chef, a BTC critic, recently predicted that bitcoin price may decrease to $ 10,000. Chef expressed his concerns about Bitcoin’s long -term validity, especially compared to gold. His argument revolves around the current performance of Bitcoin, which is believed to be paid in the short term instead of solid basics.
A particularly worrying chef predicts those who look at Bitcoin as a value store. In the current trends, Peter Chef notes that millions of young people are invested in Bitcoin while the gold, which is standard hedge, is up.
This opinion stems from its confirmation that when gold prices rise to new standard levels, bitcoin value may decrease.
“By the time they reach their 5,000 -dollar goal, they will withdraw Bitcoin to $ 10,000, which means a 95 % decrease from the highest value in 2021.”
Bitcoin price last performance against gold
According to Peter Chef, the price of bitcoin has poor performance with regard to gold. Gold prices have recently crashed $ 3,000 an ounce, as global economic conditions continued to influence the global economy. Meanwhile, the value of bitcoin has decreased in value, especially in terms of precious metal, gold.
Since early 2025, bitcoin prices have decreased by more than 30 % against gold with one bitcoin currently equivalent to 27.4 ounces of gold compared to 41 ounces in December 2021.
If Bitcoin is one of the assets that people buy only when the stock market rises and raises the appetite for risk, what does investors buy? It is not an arrow because it will not have profits or pay profits. It is clear that it is not one of the parked assets, a value of value or digital gold.
– Peter Chef (@PETERSCHEFF) March 28, 2025
Another case that hates a chef about bitcoin also about its classification as “originally a risk”. BTC price movements are synchronized with the rest of the market, especially when investors are more willing to bear risk. Although gold provides investors safely, bitcoin prices are known to be approaching traditional markets among investors. Therefore, as Peter Chef has argued, the BTC price may decrease as investors turn into safe tools, such as gold, in turbulent times.
Market analyst weighs bitcoin
Many market analysts repeat chef fears, indicating that the price of bitcoin may face challenges in the short term. Peter Brandt, the veteran trader, indicated that Bitcoin may be on a road to $ 65,635, citing the “Tar’s Speed” pattern that appeared in the encrypted currency price plans.
At the same time, the Michaël Van de Poppe subscriber His cautious outlook on Bitcoin horizons in the short term. Van De Poppe pointed out that although the price of Bitcoin was exceeding $ 80,000, the procedure of its price began to show signs of weakness. He added, “It begins to appear a little less,” and suggested that if Bitcoin decreases to less than $ 84,000, it may be a deeper correction.
Likewise, TheKingfisher Express Doubts about the continuous bullish recovery, indicating that the current price movement of Bitcoin is in line with the slowdown of the typical market. He suggested that Bitcoin can come close to “seasonal reset” as part of the wider market direction.
Alternative views about the future direction of Bitcoin
Not everyone shares Peter Chef’s pessimism about the price of bitcoin. Charlie Morris, the founder of bytetree, highlighted that despite the recent challenges, Bitcoin may have already seen the worst. He explained that although the investment funds circulated in gold suffer from slower flows, bitcoin can be placed for a possible recovery.
This opinion contrasts sharply with Peter Schiffs, focusing on the fact that the cryptocurrency may not be governed as some critics suggest.
In addition, Robert Keusaki, author of the book ” Dad wealthy poorAnd he weighed in the broader market of precious metals and encrypted currencies. While Keusaki admitted the role of Bitcoin as a hedge against inflation, he expected that silver would surpass both Bitcoin and gold in the short term
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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